Liability for Unauthorized Transactions. I/We agree to contact the Credit Union at once if: a. I/We believe the ATM/VISA Check Card(s) issued to me/ us or my/our PIN has been lost or stolen or money is missing from my/our account(s); b. My/Our monthly statement shows transactions which I/we did not make, and I/we do not contact the Credit Union within sixty (60) days after the statement was mailed to me/us, I/we may not get back any money lost after that time; c. For a VISA Check Card, I/we understand that there is zero liability. d. For an ATM Card, I/we understand that my/our liability is $50 to $500 if it is reported lost or stolen more than two (2) business days after discovery. If, however, it is determined that an unauthorized transfer was the result of my/our gross negligence (i.e. writing the PIN on the card) or fraud, my/our liability could increase; and e. I We give my/our ATM/VISA Check Card(s) and PIN to someone else to use, I/we am/are authorizing them to act on my/our behalf and I/we will be responsible for any use of the card(s) by them.
Appears in 4 contracts
Samples: Membership Agreement, Membership Agreement, Membership Agreement
